Now that its parent has announced plans to sell off portions of itself, the AIG Advisor Group is looking for a new home.

Ameriprise Financial is 900 advisors stronger after it purchased H&R Block Financial Advisors (HRBFA) for $315 million in cash yesterday.

Independent b/ds, with razor-thin operating margins, need to grow to remain profitable. Yet they must also maintain that small company feel. NEXT Financial Group walks the razor’s edge.

AIG Advisor Group hired Mark J. Schlafly as president and CEO of FSC Securities Corporation (FSC) and Advantage Capital Corporation (ACC). He will also assume responsibility for the AIG Advisor Group Elite Partner Program, and oversee the...

Clearing Firms Matter to Advisors. In fact, one of the biggest deals in the independent b/d business last year hinged on whether the b/ds being sold could maintain their relationships with their old clearing firm. In March of 2007, Pac Life sold...

A financial advisor we know recently left his big brokerage firm to go independent completely independent, as in setting up his own registered investment advisory firm. How is the technology search going? we asked him. It's kind of a baffler, he...

Ellyn McColgan, once seen as a possible successor to Ned Johnson as CEO at Fidelity Investments, has been picked to take the helm of Morgan Stanley’s Global Wealth Management Group

Randall W. Epright has been appointed executive vice president and chief operating officer of AIG Advisor Group, and senior vice president of Operations and Systems for AIG SunAmerica Asset Management Corp. LPL Financial Services has named Derek...

In its fall 2005 debut on the New York Stock Exchange as an independent company, Wall Street had little enthusiasm for Ameriprise Financial. Its shares were greeted with a yawn, sliding more than 2 percent after the completion of the spin-off out...

In August, after 17 years with the firm, Ellyn McColgan stepped down as president of Fidelity Investments distribution and operations, which includes Fidelity Registered Investment Advisor Group (FRIAG), the RIA custodian arm of the mutual fund...